Journyx for Pharmaceutical Companies

Pharmaceutical research and development is a high risk investment – of both time and money – that can generate a high reward. According to PhRMA, the average time to develop a drug is more than 10 years, and the average cost (including failures) is $2.6 billion. With such a huge amount of time and money spent, it’s imperative to make sure it’s all tracked as accurately as possible to determine the true costs of R&D.

Journyx provides an ideal solution for time tracking for R&D and runs successfully within the largest pharmaceutical companies in the world, allowing them to:

  • Track time and measure work profitability associated with R&D studies and activities. 
  • Integrate with and/or send data to accounting, payroll, project management, and even clinical trial management systems so data is always synced with Journyx – automating cost accounting processes and saving time. 
  • Track all types of time – including project and non-project time, overtime, and leave time – and expenses associated with R&D activities. 
  • Report on time tracked to R&D activities for cost centers, tax credits, collaboration partners, and more.
R&D Time

Featured Case Studies

[Journyx PX] gives us this level of detail and it’s no longer lost time or information. It helps us know what’s going on within the company.
Pharmacy Healthcare Solutions
Pharmacy Healthcare Solutions
Completely automated the payroll process for PHS’s non-exempt staff, saving hours’ worth of time each week and reducing the risk of human error.